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That's what they think.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Feb 10th, 2010 at 05:27:03 AM EST
[ Parent ]
And that's why the US$ is up: for no other reason than US-based investors are divesting from foreign-denominated assets, for no other reason than they believe US treasuries are a safe haven.

What baffles me is that we can have most of the finance ministers of the EU with their pants in twist over the conventional wisdom of US-based investors.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Wed Feb 10th, 2010 at 08:46:56 AM EST
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